12
2011
Latest US Growth Estimates: Forecast from 2011 till 2015 Revised Sharply Downwards
An article by 
White House gave an alternative forecast after the S&P downgraded US credit rating and spoilt the market sentiment in a shocker.
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Now, with the latest numbers we have, US economy is expected to grow at a much slower rate of 1.7 percent in 2011, earlier it was projected to grow at 2.7
percent for the year. For the year 2012, growth forecasts are again sharply
down from earlier expected 3.6 percent to 2.6 percent. However, there is some
sense of relief in the expected rate of growth by 2015. As announced, White
House expects the economy to grow above 4 percent by the year 2015.
Growth is Slowing but US Economy will Rebound
your own risk. We have seen the drama, to what extent the authorities have gone so far to put a bandage on the bleeding US economy, seems nobody has a solution to heel it complexly. Some even say that by prolonging the impact of current economic situation they might be heading the US economy towards a much dreadful catastrophe.
I Recommend Reading:-
The Recession that never was! Are you prepared for Economic Depression in the 21st Century?Will the Current Debt Crisis Change the American Way of Life for Ever?
below.
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If Fed comes out with QE3, US is Doomed
President Obama won't be able to fix the economy unless he adopts measures likely to directly stimulate significant increased spending by consumers or significant hiring by employers. These could include a tax credit for buying large products such as homes or automobiles, a significant cut in the employer payroll tax, or some other large incentive to get employers to hire more employees. These could include reducing uncertainty by scaling back ObamaCare or ending the tax on overseas profits if companies use the money to hire new workers. Since the administration seems unwilling to take any of these steps, the answer to your first question is no.